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Much has been written about the impact of the pandemic on law firms and law firm culture. What others are calling the "Great Resignation" amounts to an upheaval in the legal talent market. Partners and associates are making career path and employer changes at an unprecedented pace making talent retention a critical priority. Junior associates still need the apprenticeship-type training and mentoring senior lawyers took for granted, and yet it seems inevitable that hybrid work will remain a long-term reality making it challenging to meet that critical need. In short, the pandemic has brought into focus the need for law firms and law firm leaders to be strategic about fostering the connections, engagement, learning and innovation that will allow them to both attract and retain top talent.
Leading through periods of intense change is always challenging, but not usually so fraught with uncertainty. It is one thing to lead through a targeted cultural shift, such as a merger. It is quite another to lead through a period of industry-wide disruption, with no clear end or outcome in sight. We offer some tried and true leadership practices for firms and partners who are focused on retaining and developing top talent in the current context.
Great leaders know that nurturing talent requires a significant investment of time and resources. At the client team and practice group levels, partners can support their teams by securing resources and ensuring associates have access to the right assignments, feedback, and mentors.
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With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
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Latham & Watkins helped the largest U.S. commercial real estate research company prevail in a breach-of-contract dispute in District of Columbia federal court.